702/8/12 Fiscal warehousing

Part V8 HMRC Notices
Part V8 HMRC Notices | Commentary

702/8/12 Fiscal warehousing

Part V8 HMRC Notices | Commentary

Fiscal warehousing

October 2012

This notice contains information previously contained in Notice 702/9 “Warehouses and Free Zones” which has been cancelled and replaced by Notice 702/9 “VAT: Import Customs Procedures”.

Paragraphs 5.1 and 5.2 have the force of law under the VAT Regulations 1995 regs 145B(1) and 145C.

1 Introduction

1.1 What is this notice about?

This notice gives information on the VAT treatment of goods entered into, supplied within and removed from fiscal warehouses.

Main narrative treatment—V1.216–V1.218, V3.384, Division V5.4.

1.2 What's changed?

This notice has been updated to reflect the legal status of the certificates reproduced at paragraphs 5.1 and 5.2.

1.3 Who should read this notice?

You should read this notice if you trade in any of the eligible commodities listed in paragraph 2.3 of this notice, or if you provide storage facilities for any of these commodities.

1.4 Fiscal warehouse law


    —     EC Law – Directive 2006/112 – art 160(2) and Annex V


    —     UK Primary Law – VATA 1994 – ss 18A, B, C, D, E and F


    —     UK Secondary Law – VAT Regulations 1995 – regs 145A to 145J.

1.5 What is a fiscal warehouse?

A fiscal warehouse is a regime where certain commodities in free circulation within the EC can be traded VAT-free, subject to the conditions described in section 2. Goods are in free circulation if they are produced in the EC or, in the case of imported goods, all duties taxes and levies due at importation have been paid.

1.6 Commodities eligible for fiscal warehousing in the UK


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